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Are Carbon Offsets Credible?

ARC ENERGY IDEAS

CHAPTER

Carbon Market Volatility - What's the Impact?

The European market, partly because of the war to be frank, and the lack of Russian gas in the continent meant that the price in Europe escalated significantly approaching nearly 100 euros a ton. The big money is in the compliance markets. California fell from about $160 a ton last year to about $70 now. It does slow down people investing or they assume a very low carbon price and a bunch of projects don't get done because of that. But you're exactly right on the fuel side. Let's come back to that idea that maybe we're going to get agreements between countries to allow carbon credit trading across the borders. Do you foresee that that could happen in Canada for these LNG projects

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